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131 Paloma Drive, Coral Gab...

Sergio Llovio Purchases 131 Paloma Drive In Coral Gables For $3.7M With Brokers Elena Bluntzer & Jonathan Garcia Of ONE Sotheby's International Realty
SOLDSingle Family Residence

Sergio Llovio Purchases 131 Paloma Drive In Coral Gables For $3.7M With Brokers Elena Bluntzer & Jonathan Garcia Of ONE Sotheby's International Realty

131 Paloma Drive, Coral Gables, FL 33143, USA

$3,728,000

$654/SF

Building Size

5,700 SF

Asset Type

Single Family Residence

Closing

Mar 22, 2021

AI

A record-breaking sale took place in Coral Gables at 131 Paloma Drive. The property is a stunning two-story waterfront single-family home situated in the prestigious neighborhood of Cocoplum. It features an original Mediterranean design and offers breathtaking views. The property boasts double-height ceilings, an elegant living room, and a floating staircase. The interior is adorned with warm finishes including marble, travertine, and mahogany. With 5,700 square feet of living space, this spacious home includes multiple en-suite bedrooms and 7.5 tastefully remodeled bathrooms. The outdoor area is perfect for private entertainment, with a pristine pool, spa, and tropical foliage. The property also includes a 60-foot yacht dock, with just one bridge to the bay. For those who appreciate luxury living, this property offers the perfect oasis.

Summary of Transaction Details:

  • Property Type: Single Family
  • Transaction Amount: $3,728,000
  • Address: 131 Paloma Drive, Coral Gables
  • Market: Coral Gables
  • Square Footage: 5,700

The buyer in this transaction was Sergio Llovio, while the seller was Brinkmann. The deal was facilitated by Elena Bluntzer and Jonathan Garcia, representatives from ONE Sotheby's International Realty. Elena Bluntzer can be contacted at 305-992-7987, and Jonathan Garcia can be reached at 305-494-5547. The property was listed with an asking price of $3,990,000, and it was sold for $3,728,000, making it a remarkable sale in the area. A 3-car garage and maid's quarters complement the property, providing even more convenience and space.

This transaction represents an incredible opportunity for the new owner to enjoy luxurious waterfront living in one of Miami's most coveted locations. With its timeless design, prime location, and exceptional features, this property is sure to impress even the most discerning buyers in the market.

Players

Elena Bluntzer

Sotheby's International Realty

Broker

$36.2M

vol

4 deals

Broker

Coral Gables Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.26%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93